# PPP loan: NEW WAY MACHINE COMPONENTS INC
> **$978K** approved 02/10/2021 · Paid in Full · Loan `6130698407`
## Borrower
- **Name:** NEW WAY MACHINE COMPONENTS INC
- **Address:** 50 McDonald Blvd 50 Mcdonald Blvd, Aston, PA, 19014-3202
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $978K
- **Initial approval:** $978K
- **Forgiven:** $985K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $978K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*